The goal was lofty: NJPAC, a nonprofit, would build retail space and hundreds of market-rate apartments, reinvigorating a dilapidated business district and spinning off enough profit to shore up its bottom line.
On Wednesday, New Jersey officials will celebrate the groundbreaking of the $336 million project, which, within three years, is expected to alter the skyline of the state's largest city.
The project, known as ArtSide, is one of the largest real estate ventures in decades in Newark, a poor industrial city 14 miles from Manhattan.
It's massive, said Ras J. Baraka, the city's mayor. It helps us to change the center of gravity in Newark.
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